This article is a guest post from Andre Oentoro at Milkwhale. Read on to find out whether:
- Remote working is suitable for you
- The benefits of remote working
Millennials are not here to take part, they’re here to take over. In the next few years, Millennials will be the major forces in corporations. By 2025, it’s estimated that Millennials will make up 75% of the global workforce, 35% of the UK workforce and 36% of the U.S workforce.
Martin Luther King once said that “There’s power in numbers”, and Millennials are about to make some major changes in the global work culture.
A study by Forbes revealed that 92% of Millennials want to work remotely and 87% of them want flexibility in work hours, instead of the typical 9 to 5 workday.
But, is remote working actually good for millennials? Can it help to develop their careers? Don’t worry, this article will answer those questions. So, if you were born between 1981 and 1997, stick around because we’re about to find out the 3 benefits of working on the go for millennials.
Remote working promotes better work-life balance
Remote working allows employees to spend less time commuting. Instead of wasting hours of your time getting stuck in traffic, you can spend it with your loved ones or do other side activities like going to the gym, starting an online business, or picking up new skills. The last one is especially important for your career ahead.
Working on the go also gives you the freedom to manage your own workload and working hours. This way, you’ll feel less stressed out because you can always take a break when needed. A study by Gallup confirmed that employees are 43% less likely to feel burned out when given the power to choose when and how to do their tasks.
Remote working boosts productivity
Better work-life balance will usually result in higher productivity because you get enough rest, enough entertainment, and overall feel less stressed out. However, a lot of companies aren’t convinced yet that remote working can actually boost productivity for a simple reason: millennials are addicted to gadgets.
If working on the office doesn’t stop you from stealing time by watching YouTube or opening your social media accounts, what will stop you from getting distracted when left alone at home? This was a topic for debates because no one knows for sure until Professor Bloom of Stanford did a study on this topic.
Bloom picked 500 workers and divided them into two groups. One group worked at the company’s HQ, while the other group worked from their home. Bloom closely monitored them for 2 years and came up with a conclusion that the remote workers spent more hours working, had fewer breaks, and overall were more productive than their counterparts.
Lower Monthly Expenses
Millennials are currently the generation with the highest debt in history, with over £781 billion worth of debt in total. Cutting their monthly expenses will definitely help them to save more money and pay the debt off. That’s exactly what remote working does.
If you work from home, you’ll save the cost of public transportation, gas (if you use a car), parking, food, and work clothes. According to CNN, remote workers can save up to £3,128 more than non-remote workers at the end of the year. With that extra money, you can pay your debt, save up for a mortgage, or start your side business.
Remote working is proven to reduce stress and boost productivity, overall enhancing your work performance. For millennials, this could mean an increased salary or promotion. In short, telecommuting is good for millennials’ career development.
However, it all comes down to you. With all the extra freedom, can you maintain self-discipline and focus on your tasks? Can you stay away from all the distractions― TV, smartphones, laptops, and the comfort of your bed? If you’re not sure whether telecommuting is suitable for you or not, take this mini-quiz to see if you’ve got what it takes to be a remote worker.